CEO of Ford’s China operation resigns

Jason Luo (Photo: Ford Motor Company) The chairman and CEO of Ford Motor Co.’s Chinese operations resigned Monday, less than six months after taking over there. Jason Luo resigned for unspecified “personal reasons that predate his time at Ford,” according to Peter Fleet, Ford’s president of the Asia Pacific region. Fleet will take on Luo’s… Continue reading CEO of Ford’s China operation resigns

Electric Vehicle Manufacturer XPENG Motors kicks off RMB 2.2 Billion of Series B Capital Funding with Alibaba, Foxconn and IDG Capital, as Joint-Major Investors

HONG KONG, Jan. 29, 2018 /PRNewswire/ — XPENG Motors on Monday announced at a Hong Kong press conference the kick-off of its Series B capital funding of  RMB 2.2 billion, with Alibaba Group, Foxconn and IDG Capital as three  major investors. That will bring the total raised by XPENG Motors in capital market to over… Continue reading Electric Vehicle Manufacturer XPENG Motors kicks off RMB 2.2 Billion of Series B Capital Funding with Alibaba, Foxconn and IDG Capital, as Joint-Major Investors

FCA US LLC Set to Deliver Thousands of Chrysler Pacifica Hybrid Minivans to Waymo’s Self-driving Service

AUBURN HILLS, Mich., Jan. 30, 2018 /PRNewswire/ — Expanded delivery of vehicles signifies commitment to support the launch of the world’s first driverless ride-hailing service Vehicle delivery begins in late 2018 with Pacifica Hybrid minivans to be deployed across multiple U.S. cities FCA US LLC announced today an agreement to supply thousands of Chrysler Pacifica… Continue reading FCA US LLC Set to Deliver Thousands of Chrysler Pacifica Hybrid Minivans to Waymo’s Self-driving Service

All-Time Calendar Year Automobile Production Records

Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the calendar year 2017 as well as for the month of December 2017. Worldwide Production   Calendar Year 2017 December 2017 Units vs.’16 Units vs.’16 Japan 817,500   -0.3% 76,758   -1.5% Outside of Japan 4,419,342 *1 +5.8% 351,676… Continue reading All-Time Calendar Year Automobile Production Records

Volvo’s first EV will be a hatchback shooting for 310-mile range

In May 2016, when Volvo showed off the concept that previewed the XC40, it also unveiled a hatchback sedan called Concept 40.2. Later in the year, it announced it would electrify every model and introduce full EVs. Now, a report from Autocar claims that Volvo’s first all-electric vehicle will be a standalone model based on… Continue reading Volvo’s first EV will be a hatchback shooting for 310-mile range

Maruti to start manufacturing budget electric vehicle on its own – Times of India

NEW DELHI: India’s largest carmaker Maruti Suzuki will start making its first affordable electric vehicle (EV) by 2020 based on technology from parent Suzuki Motor, ahead of products developed in partnership with Toyota.The company and its parent are focusing on in-house capabilities but are also looking for partners to put in place the ecosystem for… Continue reading Maruti to start manufacturing budget electric vehicle on its own – Times of India